Identifying & Assessing Financial Trends in Business

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Theodore owns a business that rents heavy construction equipment. He currently has a 5-year deal with the state government to supply all temporary signage. He only has one year left on the deal, so his goal is to find a new revenue source. As he pores over the data, he becomes so confused. The statistics seem to support one thing, but another data point will contradict the first. What should Theodore do about this?

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1. Nicole is the managing partner of a casual dining franchise. The store charges $2.99 for an unlimited refill soft drink, but her average cost of the soft drink is only $0.61. Unfortunately, a nationwide shortage of root beer has caused the cost to double. What financial trend should be most concerning to Nicole?

2. All businesses should monitor financial trends related to the price of _____ even if it is not their primary industry.

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About This Quiz & Worksheet

What's the term used for trends that raise spending in non-discretionary line items? This quiz and worksheet is a fast way to gauge your ability to answer this question and others about determining financial trends in business.

Quiz & Worksheet Goals

You'll be tested on the following:

  • Analyzing different data points
  • Deciding which financial trend is the most concerning
  • A financial trend that all businesses should monitor
  • How a merger affected customers of satellite radio
  • Trends that impact non-discretionary line items

Skills Practiced

  • Interpreting information - verify that you can read information about analyzing a lot of data points and interpret it correctly
  • Information recall - access the knowledge you've gained about a financial trend that should be monitored by all businesses
  • Knowledge application - use your knowledge to answer a question about a trend associated with a merger

Additional Learning

Keep learning about this topic with the lesson titled Identifying & Assessing Financial Trends in Business. Below are examples of what the lesson covers:

  • Essential trends to monitor
  • An example of margin compression
  • Trends in healthcare
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